Understanding the importance of HODLing - CMC 2016 vs 2017

vv181

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Quote from: kabit9 on December 11, 2017, 04:19:06 AM

bumpity bump. never hurts to see this chart and remind yourself how the market moves... let it be a lesson to all !

Personally, That is an excellent comparison, an easy way to teach people to not easily get FUD, and the best way to teach impatience trader about the importance of it.

xianbits

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Quote from: kabit9 on December 11, 2017, 04:19:06 AM

bumpity bump. never hurts to see this chart and remind yourself how the market moves... let it be a lesson to all !

Litecoin soars up like never before (in terms of usd, afaik). This keeps me on holding my altcoins. People should consider this thread. Maybe they would want to go back here after another year with a very big smiling face.

kabit9

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bumpity bump. never hurts to see this chart and remind yourself how the market moves... let it be a lesson to all !

cryptonomicon25

member

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I'm glad I saw this chart. Sometimes I get caught up in the day-to-day market and worry about missed opportunities to buy/sell when I should just HODL long-term. The crypto market is a long-term investment over many years.

TucoRamirez

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Quote from: Morphling on October 28, 2017, 09:45:43 AM

yes, many middle-age women get involved in the crypto speculation and ico on the hot June and July, they knew nothing about blockchain but only care about dump and pump and how to make profits, they ignore the technology and will never understand, this is unhealthy and dangerous

where in the world have middle aged women got into crypto? I saw something similar with Chinese housewives in a casino in Singapore and it was amusing - they sat for hours at the tables losing hand over hand, and came back the next day...

Morphling

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Quote from: alex_rada on October 28, 2017, 09:33:39 AM

Quote from: FrueGreads on October 27, 2017, 02:34:20 PM

Quote from: alex_rada on October 27, 2017, 02:15:48 PM

The importance of "hodling" is not to forget how hold is actually spelled. Is it just me or this hodl joke stopped being funny a few years ago?
And to be on topic, I think http://deadcoins.com/ disagrees with you. Investing money in crypto and literally forgetting about it for a few years seems downright stupid. Don't assume that if Bitcoin rose so much in value the same thing is going to happen with every shitcoin around.

You are right, not every "shitcoin" will increase it's price. I don't even think their price should increase at all, but pump and dump will always be around, and that's why they are here for I guess. But if holding "pump and dump" coins is stupid, and I'm sure most people won't do it, holding bitcoin, or ethereum, or litecoin, or any of those major coins that already have proven that they actually have some value and real use, is very important in my opinion, not just because of the profit it might give you, but because of the support you are showing. I don't really need these pictures to hold my coins. I don't really hold BTC because the price is rising. I hold BTC because they have amazing potencial of use.

It's satisfying when you meet like-minded people. Of course, for the people who are in this since the beginning is not about the value, it's about the potential and the underlying technology. But I have the feeling that for the large influx of people who joined the party lately everything is about the value and the technology behind a project is only a justification for pumps & dumps whenever a new milestone is achieved.

yes, many middle-age women get involved in the crypto speculation and ico on the hot June and July, they knew nothing about blockchain but only care about dump and pump and how to make profits, they ignore the technology and will never understand, this is unhealthy and dangerous

alex_rada

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Activity: 203

Merit: 100

This is bat country!

Quote from: FrueGreads on October 27, 2017, 02:34:20 PM

Quote from: alex_rada on October 27, 2017, 02:15:48 PM

The importance of "hodling" is not to forget how hold is actually spelled. Is it just me or this hodl joke stopped being funny a few years ago?
And to be on topic, I think http://deadcoins.com/ disagrees with you. Investing money in crypto and literally forgetting about it for a few years seems downright stupid. Don't assume that if Bitcoin rose so much in value the same thing is going to happen with every shitcoin around.

You are right, not every "shitcoin" will increase it's price. I don't even think their price should increase at all, but pump and dump will always be around, and that's why they are here for I guess. But if holding "pump and dump" coins is stupid, and I'm sure most people won't do it, holding bitcoin, or ethereum, or litecoin, or any of those major coins that already have proven that they actually have some value and real use, is very important in my opinion, not just because of the profit it might give you, but because of the support you are showing. I don't really need these pictures to hold my coins. I don't really hold BTC because the price is rising. I hold BTC because they have amazing potencial of use.

It's satisfying when you meet like-minded people. Of course, for the people who are in this since the beginning is not about the value, it's about the potential and the underlying technology. But I have the feeling that for the large influx of people who joined the party lately everything is about the value and the technology behind a project is only a justification for pumps & dumps whenever a new milestone is achieved.

anasso

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hodling altcoins is very important specially now because crypto is about to be mainstream and the hype is at the begining!

you need only be careful about what hodling!

FrueGreads

legendary

Activity: 1582

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Quote from: alex_rada on October 27, 2017, 02:15:48 PM

The importance of "hodling" is not to forget how hold is actually spelled. Is it just me or this hodl joke stopped being funny a few years ago?
And to be on topic, I think http://deadcoins.com/ disagrees with you. Investing money in crypto and literally forgetting about it for a few years seems downright stupid. Don't assume that if Bitcoin rose so much in value the same thing is going to happen with every shitcoin around.

You are right, not every "shitcoin" will increase it's price. I don't even think their price should increase at all, but pump and dump will always be around, and that's why they are here for I guess. But if holding "pump and dump" coins is stupid, and I'm sure most people won't do it, holding bitcoin, or ethereum, or litecoin, or any of those major coins that already have proven that they actually have some value and real use, is very important in my opinion, not just because of the profit it might give you, but because of the support you are showing. I don't really need these pictures to hold my coins. I don't really hold BTC because the price is rising. I hold BTC because they have amazing potencial of use.

alex_rada

full member

Activity: 203

Merit: 100

This is bat country!

The importance of "hodling" is not to forget how hold is actually spelled. Is it just me or this hodl joke stopped being funny a few years ago?
And to be on topic, I think http://deadcoins.com/ disagrees with you. Investing money in crypto and literally forgetting about it for a few years seems downright stupid. Don't assume that if Bitcoin rose so much in value the same thing is going to happen with every shitcoin around.

BillyBobZorton

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Merit: 1028

Quote from: kabit9 on October 18, 2017, 04:47:06 AM

I will wisely let the facts speak for themselves and sit back with a tub of popcorn to watch the debate:

Coinmarketcap screenshot October 2016

Coinmarketcap screenshot October 2017

The fun fact is, you would have been better just holding bitcoin in most cases.

I understand that it's pretty attractive to get some altcoins, hold them and find out you went up against bitcoin in order to make bitcoin gains, but it seems this is become increasingly harder. As BTC goes up, most altcoins struggle to go up against BTC. Just look at the graphs and realize the orange graph is barely moving on altcoins, altcoins just pump against fiat. Less and less people want to dump their BTC for alts anymore.

TucoRamirez

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HODLLLL! I am accumulating a HODL portfolio consisting of BTC, LTC, XRP, NEO, NEM, WAVES, XMR and a few others. I believe I should have a smile on my face in 8-12 months time!

kabit9

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Quote from: unarcher on October 26, 2017, 05:25:11 AM

Performance of past does not represent future performance.
Some coins disappeared since last year, and holders of theses are down right now.
2016 to 2017 was a price explosion, I highly doubt we would see the same huge returns next year. Market would certainly grow, but I dont expect such a high increase.

Holding is not always the best move.
If you were smart and sold alts before the blood bath for BTC, then buy them again a bit before BTGold fork, you just did a +30%
Holders lost a bit cause alts did not recover to their old ATH

actually holding is generally proven to give better returns than 90% of traders (this applies across assets not just cryptos). a good trade here and there will make you feel smart, but hodling reminds you of your wisdom

styca

sr. member

Activity: 1078

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Hodling is good, but it is sensible to combine with a bit of trading. Sometimes trading opportunites are obvious with patterns lasting for long periods of time, and it is easy to increase your coins. The trick is to avoid temptation to trade too often or when there are no strong and persistent patterns.

unarcher

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Performance of past does not represent future performance.
Some coins disappeared since last year, and holders of theses are down right now.
2016 to 2017 was a price explosion, I highly doubt we would see the same huge returns next year. Market would certainly grow, but I dont expect such a high increase.

Holding is not always the best move.
If you were smart and sold alts before the blood bath for BTC, then buy them again a bit before BTGold fork, you just did a +30%
Holders lost a bit cause alts did not recover to their old ATH

diguyo

full member

Activity: 274

Merit: 100

Looking back at 2016 makes me both happy and sad. Great that I made the profits I did. Gutted that I didn't go in with more when it was so low.

ice18

hero member

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Great comparison it only says that we should buy coins at cheap price hodl it for 1-2 years no matter what happen just hodl it and become a millionaire in 3 years.

JimiPorter

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Quote from: fasdorcas on October 19, 2017, 03:18:59 PM

Quote from: JimiPorter on October 18, 2017, 05:06:23 AM

Good point, but the main issue is: do you need the money now?

If so, convert to fiat but just as much as you are in need of. If not, let it grow.

Makes sense?

First and foremost, stop spamming the forum if you have nothing tangible to contribute.
Secondly, it is as simple as it sounds. Buy and HODL, that is just how anyone can make money. I am sure even if you tell an ignorant man that, they will simply understand without issue.

Dear fasdorcas,

It is a tangible contribution, as you put it.
I understand English must not be your first language, but please be careful with your words.

Jimi.

btcney

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Quote from: kabit9 on October 26, 2017, 04:26:08 AM

Quote from: btcney on October 25, 2017, 05:51:37 AM

A lot of the times i feel like new, inexperienced traders tend to focus on small short term profits and call it a day instead of looking at the big picture and having patience to wait for a bit before dumping their stash.

Often, that's how you get the most profits.

Altcoins are in full blossom rightn ow, some projects that seem dead will get revived eventually. You just need patience.

and some projects that are fully hyped up right now, will no longer exist in a few years. perhaps some of the devs will even own lambos Grin

Very true but overall i think that holding is a much better strategy than selling off as soon as you see a small amount of profit being made. Sure the latter may seem profitable but if you pick the right coins to invest in in the first place, they need time to develop and show their true potential.

Another thing is, if you don't hold on a coin that is on a downward slope and panic dump, you can lose money. When the pump comes you're missing out. You're taking on a risk, yes, but with that risk comes great rewards(e.g. Monacoin right now).

xypos

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Nice comparison.

Holding is going to be long term the best option for any cryptocurrency traders out there. Plain and simple, just because of the fact that you need to give altcoins time to perform. Nothing can happen overnight. Plus, day trades are way too tiresome and you need to work around the clock.

Just don't expect crazy returns to always happen, this pump has been crazy.

Topic: Understanding the importance of HODLing - CMC 2016 vs 2017 (Read 1843 times)